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the disputes should not be internationalized, an indirect reference to the united states. u.s. president barack obama and chinese premier wen jiabao held bilateral talks before the summit began on tuesday. they both seek closer ties with southeast asian countries as part of their competing regional strategies. >> it's important that our two countries cooperate to build a more secure and prosperous future for the asia-pacific region and for the world. >> despite their friendly words, both sides took their differences with them to the east asia summit. obama called on the country's concern to quickly draw up the code of conduct. one indirectly said the united states should not be involved, stating that the disputes should not be internationalized. now, obama's trip to asia is a sign that america's so-called pivot to asia strategy remains unchanged after his re-election. his visit to myanmar was criticized by some observers. they say it was premature. obama went ahead anyway, a signal of his desire to increase u.s. influence in southeast asia and keep china's ambitions in check. nhk world's matthe
a possible drawdown with u.s. secretary general. for now, though the fighting continues. israeli air strikes killed nearly 40 people today, groups in gaza respondented by shooting nearly 100 rockets in israel. and on the israeli side of the border things appeared remarkably calm today. this picture has caused a stir online. it shows israelis watching passively as in-coming missiles sail over head. so why to israelis feel so comfortable out in the open as missiles fly above them? because of something called the iron dome. it's a defense system that uses radar to detect in-coming rockets and determine where they will land. if it is headed towards a populated area the gunner shoots the missile out of the sky. it is particularly good at detecting the smaller, older rockets that the palestinians use. iron dome has had an incredible 85% successful rate against the 300 rockets the palestinians have fired. the gulf missiles intercepted less than 10% of their target. iron dome has always made a huge difference. as of today, israel has only reported three deaths. in gaza the dea
obama becomes a first- inning president to visit burma. but >> lewis hamilton wins the u.s. grand prix. >> ban ki moon has arrived in cairo in support of the cease- fire between israel and hamas. >> the exiled leader of hamas says they must take the first up a bit want the truce in israel. they will consider a cease-fire in israel and their attacks and the siege of gaza. >> israel has bombed building and at least 90 people have been killed and some 700 wounded since the air strikes began. >> the bombardment of gaza continues. israeli defense forces are picking targets they say it are connected to palestinian militants. the billionaire also among the latest casualties. across the border in israel, ground troops are massing in preparations for a possible invasion. israel has no mobilize and 40,000 reservists. elsewhere, diplomats are attempting to broker a ceasefire. in jerusalem, middle east peace envoy tony blair met with perez to stop the rocket attacks. >> it is clear we do not have any ambition to gain an advantage but we just want to stop the fire. >> more than 1000 rockets have be
of international efforts to mediate a truce between israel and hamas. u.s. secretary general ban ki moon is lending his support. >> my message is clear. all sides must avoid fire. further escalating the situation will put the entire region at risk. >> our leaders, he traveled to jerusalem with talks -- to talk with benjamin netanyahu. he condemned the attacks and the loss of civilian lives in gaza. netanyahu reiterated that they would be willing to are dissipate in a ceasefire but only if hamas immediately sees as the rocket attacks. >> the long-term solution to be put in place through diplomatic means and israel then would be a willing partner to such a solution, but if kroger military action through the necessary to stop the constant barrage of rockets, israel will not hesitate to do what is necessary to defend our people. >> there are signs that diplomatic efforts may be bearing fruit and mediators iran optimistic that a deal can be made to avert an israeli ground offensive. >> -- mediator's remained optimistic. >> what is the reaction to reports of a ceasefire? >> people don't really believe it
after good gains yesterday. following strong moves in the u.s., as well. cac 40 down half a percent. weighed town by the moody's downgrade, although expected. and ibex done around 0.4%. french debt market, yields are up to 2.1%. treasuries slightly higher, but still below 6%. ten year bund yields slightly lower. so france is trading with the peripheral in that sense. euro-dollar, 1.2794 is where we stand, dipping slightly on on the back of the french downgrade. dollar-yen 81.26, but the yen has been down at acceseven mont lows. aussie dollar slightly weaker against the u.s. dollar. rba minutes suggesting that their policymakers consider further monetary easing may be appropriate. still to come, we'll be in athens and brussels. euro group reportedly close to signing off on the next tranche aid. i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. get on e-trade. set up a real plan. frank!
bail and was released that same night. the u.s. attorney's office and san francisco da are working out who will try the case. stern is not his attorney but says the deputy faces a rough road. >> courts have been known to deafuate and come down more hashly on law enforcement officers based on an expectation that's higher than the general public. >>> deputy's first court appearance is set for next monday. >>> to oakland where defense attorneys for the accused gunmen at a mass shooting say the suspect is not fit for trial. a psychologist claims he's a paranoid schizophrenic and cannot understand court proceedings. the victim's families say he shouldn't get away with it. >> he shouldn't be a coward. let him own up to what he did. >> reporter: the defense needs a second psychoyacht tick opinion and there is a delay in the case because he asked for an interpreter. >>> a follow-up on the arrest of a southern california man at a security check point. officials say he was wearing a watch that looks like a trigger for an explosive device. the 49-year-old went to court and learned the coun
's a double feature this afternoon, and i have the privilege of also introducing to you our next speaker, u.s. senator-elect ted cruz from texas. it was two years ago when ted cruz came up to me and others here in this room saying he was contemplating a run for the u.s. senate and asked for reaction. trying hard not to pour water over ted's noble commitment to public service, i resisted what would roll out of our topings -- tongues when a friend confronts us with advise. are you crazy? do you have a fever? have you sought professional help for this behavior? [laughter] taking a slightly different tact, i asked the usual questions. is it the right time politically? do you think the money's there? is your family prepared for this? have you checked all the necessary boxes back home in texas? now, as any of you know ted would guess, looked reflective and discerning at the questions, but you knew he was optimistic and just raring to go. he wanted to do this. from the experiences with the bush campaign and his bid for attorney regime, he knew he was ready for the political fray, and while he probab
and now that is not going to happen. we will still have u.s. troops in afghanistan one year from now two years from now, five years from now. where is the press? obviously, these are not issues that the people who run on these programs today -- >> why not? >> because they do not draw an audience. what draws an audience is charlie sheen. what draws an audience is people yelling at each other. it is not enough to say these issues are important. if we actually -- i know it sounds totally idealistic, but when you and i became journalists as young men, we actually believed that we were entering, really, a special, chosen profession that meant something to a democracy. >> we called it a calling. >> a calling, exactly. >> exactly. word of honor, i never thought i was going to get rich as a journalist. you do not go into journalism to become wealthy. >> the changes we are talking about, you have already touched upon the affect it has on our society, on the business itself. value systems change. i am not saying we can ever return to the good old days. that is done, but what worries me is whether
about where the u.s. didn't -- where the u.s. student -- we never had a conservative actor -- a concerted effort of a ranking system. the report does. it is almost entirely prestige and important. in its judgments as opposed to outcomes. we need to think more about how to deal with this problem. the public university has the system of accountability. but that is not everybody, of course. it's caught some way so we're trying to adjust its. but how to half in place incentives systems to focus on outputs is a big deal. during the brief period of time, i joined with the presidents at columbia and stanford. he understood exactly how distorted that rating system was. but then several days later the people told him how much that issue generated in terms of profits and if he wanted to stay its editor, he better leave it alone. >> here again, the role of the president comes in. he was very disturbed because the u.s. rankings were falling. day asked him to go out and drum up more applicants so the universe would look more selective. he said to them, i'm not going to go to rural areas
for maritime interests. u.s. president barack obama will hold talks with japan's prime minister yoshihiko noda and chinese premier wen. aimed at addressing strained relations over claims to the senekaku islands. the president is expected to stress any differences should be peacefully resolved according to international law. >>> now, japan's prime minister has praised myanmar's rapid reforms. and he's offered the country a development loan worth $600 million. yoshihiko noda met thein sein on the sidelines of the summit. myanmar has made steady progress on political reform. he promises to support the economic development. japan's public and private sectors will back reform efforts. it will be the first yen loan in almost 26 years. myanmar's leaders will use it to refurbish a thermal power plant in yangon. japan's government will extend the loans in february next year at the earliest. myanmar's to foreign investors. >>> letting out a small sigh of relief. trade agreement. joins us from the business desk. what's the story here? >> as you know, political tensions have tied up in parts of east asia.
apprehensive this could be the final hurdle. you're talking about the presence or the arrival of u.s. secretary of state hillary clinton. there is no doubt the u.s. can play a very important role in this. it can exert a tremendous amount of leverage on the israelis to avoid a ground invasion of the gaza strip. while the u.s. does believe that israel has a right too defend itself there is a widening belief here among many, this is what is being communicated to the u.s. by egyptian officials, that a ground invasion and further military escalation will not solve this. we've been down this road before. >> go ahead, ayman. if you're still there. >> i'm still here. i was saying that they've been down this road before, used the military option back in 2008, and previously it hasn't solved the gaza problem and so many people are saying that this has to stop. to really think of a new paradigm shift in how to solve the crisis in gaza and the larger with the israeli/palestinian conflict. >> yesterday we were talking about the americans passively having too light a footprint in the region, against the back
to "the wall street journal", u.s. companies are cutting their spending plans in the fiscal and economic uncertainty, and doing so at the fastest pace in the a recession. it goes on to say that companies are not planning to spend this year or next year. i am joined by jeffrey miron. welcome back to the show, jeffrey. good to see you. i want to start with some breaking news that we had. moody's just announced that they are cutting france's government rating to aa from triple-a. the s&p da back did it back in january. of course, we mentioned last week that the eurozone is in recession. economies that are expanding and not contracting. is this a winning post for people in this country who can't seem to get our spending under control? >> i think it should be a warning. the entire situation should be a wake-up call. but even in europe, they are not recognized in the wake-up call. they are not doing all they could do to turn themselves away from being someone like greece. they have to cut the spending. gerri: they don't want to hear the bad news. they blared on the front page on "the wall stre
: just finally quickly, evidence of a u.s. role there? >> i spoke to a u.s. official today about that. it's interesting. the u.s. role from what we hear is essential to offer words of encouragement to both sides. they keep stressing that egypt is really leading this and that they don't need this sort of push that one would expect. that said, there's a frustration in congress by the comments that hamid morsi, the president, made here in support of hamas. lindsey gham came out on sunday and said that congress was watching it very closely. the u.s. says that egypt is taking the initiative on its own, that the u.s. role is ancillary, that the u.s. is monitoring it. president obama has spoken to morsi. as recently as today. hillary clinton has spoken to her counterpart and the prime minister here that the u.s. does have a role. but that egypt is willingly leading the peace negotiations. >> woodruff: nancy yousef, on the story in cairo. nancy yousef with mcclatchy, thank you very much. >> thank you. >> woodruff: oline we have a first person account from journalist stephanie freid, who writes ab
minister met with the secretary of state hillary clinton. he thanked her for the u.s. funding of the system. when it comes to a cease-fire, as of now, it remains illusive and only talk. it's become a familiar sound. air raid sirens in jerusalem. iranian rocket fired by militant in gaza landed on the outskirt of the holy city. ironically, the rocket fell near a palestinian village. tonight, rocket launched from gaza landed 45 miles away in suburban tel aviv. the farthest ever to fall in an israeli city. militants on tuesday fired more than 100 rockets. the israeli military suffered the first fatality when a seasonal was hit by a mortar this afternoon. raising the israeli death toll to five. one of the rockets that pep traited the iron dome defense system hit a store in the city of ashdod and sheered off the side of the building, decimating the structure. there were no serious injuries. >> it's like rain. like it rains in new york state, just rain water, here it rains rockets. every day, every hour. rains tens of thousands of rockets in the city. it's unbelievable. >> another rocket pierced t
whatsoever from u.s. officials here at the u.n. today, shep. >> shepard: jonathan, u.n. officials say they are monitoring cease-fire negotiations but carefully trying to stay out of the middle of them. >> yeah. certainly trying to stay out of the middle. getting into the middle of it is is the u.n. secretary general ban ki-moon who traveled to cairo today where those negotiations are taking place. is he going to meet with egypt's president mohammed morsi tomorrow. later this week he will travel to israel to meet with prime minister netanyahu and also to the west bank to meet the palestinian president mahmoud abbas. the trouble with these negotiations as so often in these cases is who stops firing first. in the word of u.s. officials that is clearly up to hamas to do. listen. >> we have been very clear that israel has a right of self-defense. we have been very clear that rockets continue to be fired and land on israel. we have been very clear that we are working to try to get this conflict deescalated. we have been very clear about our concern for civilians and innocence on both sides.
. i will tell you here and now that is not going to happen. we will still have u.s. troops in afghanistan one year from now two years from now, five years from now. where is the press? obviously, these are not issues that the people who run on these programs today -- >> why not? >> because they do not draw an audience. what draws an audience is charlie sheen. what draws an audience is people yelling at each other. it is not enough to say these issues are important. if we actually -- i know it sounds totally idealistic, but when you and i became journalists as young men, we actually believed that we were entering, really, a special, chosen profession that meant something to a democracy. >> we called it a calling. >> a calling, exactly. >> exactly. word of honor, i never thought i was going to get rich as a journalist. you do not go into journalism to become wealthy. >> the changes we are talking about, you have already touched upon the affect it has on our society, on the business itself. value systems change. i am not saying we can ever return to the good old days. that is
, and if we don't tackle these threats, the u.s. and other nations will pay the price in the form of lost economic growth and development, stifled innovation and social progress and diminished opportunity. so i will describe those threats and talk about what needs to happen for us to keep the global internet on the right path. to harness the opportunities new communications, technologies to benefit all. there's a lot that about the relationship between communications technologies and world events, but in some important ways the relationship between the mutations, technology and world history has always been a profound one. the printing press was a new communications technology that changed the world. it won't take us back that far, but for a few minutes i will take us back 50 years to a powerfully important speech given by an fcc chairman in 1961. that made president john f. kennedy's. , newton minnow, spoke to the national association of broadcasting. his speech generally remembered for the declaration that tv had become a vast wasteland. but the speech, and i recommend reading it was ac
. >> this is "cnn breaking news." >> and we begin with breaking news out of the conflict zone, an attack at the u.s. embassy in tel aviv in israel. details just coming in, but an israeli police spokesman says a security guard at the embassy was attacked with an ax. the attacker reportedly also had a knife on him. we know the attacker has been arrested. when we get more information, we will bring that to you. of course, this is all happening as israel and hamas at the tipping point of all-out war. the israelis carrying out 80 air strikes overnight with hamas fighters launching 95 rockets into israel. 38 more palestinians killed, bringing the death toll since last week to 111. cnn has confirmed secretary of state hillary clinton is heading to israel in the air at this very moment. tomorrow she will meet with prime minister benjamin netanyahu. she'll also visit egypt and the west bank city of ramallah. and while the two sides are trading cease-fire proposals, israel's ambassador tells erin burnett his country is ready to launch a full-scale ground invasion. we talk to our reporter in phnom penh. she's
jihad is a group that israel and the u.s. consider a terrorist organization. regular life here in gaza city is pretty much ground to a halt. stores are closed and shuttered, streets which would normally be full of people largely empty. most people try to stay indoors, only venturing out when they absolutely need to in order to buy supplies for their families. otherwise it's just too dangerous to go out. these days for israelis along the border and residents of gaza city, there is no such thing as regular life. as the battle enters its seventh day, casualties rage and grief grow on both sides of the border along with the fear that the worst may be yet to come. and i'm joined by wolf blitzer in jerusalem, also here with ben wedeman and arwa damon. yesterday you were at the scene of probably what was then the most controversial attack, on a strike what israeli forces said was owned by a hamas official, a commander of an artillery unit. they said initially he had been killed and they stepped back from that. a number of members of a family, at least nine members of a family, were killed. wh
thailand, president obama said sunday the u.s. while working to de-escalate the situation and end the fighting would stand behind its ally. >> we're fully supportive of israel's right to defend itself from missiles landing on people's homes, workplaces and potentially killing and we'll continue to support israeli's right to support itself. >> eliot: a poll said that 57% support israel's israel. egypt is serving as an intermediary in the ongoing talks vicinity's president told reporters if the situation was further escalateed this co-mean dire consequences, and we could not accept that, and the free world could not accept that. william hague seemed to agree. a ground invasion is much more difficult for the international community to support. for more for the efforts to broker peace i'm joined by james traub and by joe cirincione president of the global security foundation and author of "bomb scare: the history and future of nuclear weapons." why now? why is this simmer conflict simmering conflict happening. >> there is an election coming up in israel. the cynical interpretation wou
: it is a busy news morning. the u.s. is officially getting involved in the mideast fighting. secretary of state hillary clinton is en route to meet with prime minister benjamin netanyahu as the u.s. embassy attacked this morning. we have leland on the ground. we'll go to washington with the latest details on secretary clinton's mission. >> good morning. israel and terrorist leaders of gaza exchange fire president obama is dispatching secretary clinton to the middle east it is a hastedly arranged departure from cambodia where she is involved in the ongoing summit. she plans to visit israel and ramallah and egypt because u.s. considers hamas a terrorist consideration and prohibits contact it is relying on egypt and turk yeqatar to deliver its message to the hamas leadership. >> on the trip secretary clinton will emphasize the united states interest in a peaceful out come that protects and enhances israel's security and outcome to lead to improved relations to the civilians in gaza and reopen the path for israelies and palestinians so they can live in peace and security. >> some doubt secretary cl
cnn by phone today how his organization is looking to see what the u.s. does. >> i think the egyptians are waiting for some support from the united states in order to make an -- we expect to have an outcome of this today. >> you have so many moving parts in all of this. there is a discrepancy, hamas saying this was a cease-fire, but israel is call iing it a ca down period. and here is israel's prime minister, benjamin netanyahu, moments before word came. >> no country would tolerate rocket attacks against its cities and against its civilians. israel cannot tolerate such attacks. if a long-term solution can be put in place through diplomatic means, then israel would be a willing partner to such a solution. but if stronger military action proves necessary to stop the constant gara constant barrage of rockets, israel will not hesitate to do what is necessary to defend our people. >> the most surprising thing for the palestinians is always talking about the israeli needs, about israeli security, about israel -- without talking about the palestinian needs, about the palestinian security, ab
obama becomes the first u.s. president [indiscernible] pressing for reforms. >> you will not believe the scientific advance that has this dog back on his feet. welcome to our viewers on public television in america and around the globe. the u.n. secretary-general is among those calling for an immediate end to the violence in gaza. his words come as more than 100 have been killed in the past week of fighting. the majority of them palestinians. palestinian militants have continued firing weapons into israel. in cairo, discussions are ongoing about cease-fire. jeremy our coverage from gaza. >> good morning, gaza. this was the wake-up call sent in by israel. growing up in gaza is not easy. not far away, is the rubble left by the israeli strike on sunday that killed 10 members of this family including four children and two neighbors. they are looking for the remains of a teenage girl missing and presumed dead. this man is a relative of the dead. >> sad, may be strong. >> street are getting tougher, more solid. when they tell the parents of a boy, he will grow up for revenge. >> during the
. >>> more breaking news from tel aviv. there's been an attack on a security guard at the u.s. embassy. a spokeswoman says a man tacked a guard this morning with a knife and a injuring that guard in the leg. one witness described the weapon as a pitchfork. guards took the man into custody. he's a 41-year-old israeli man with mental health problems. we'll continue to follow the story and bring more information as soon as it comes in. >>> we've learned overnight that president obama is sending secretary of state clinton to the mideast today to help mediate an end to the bloody conflict between israel and the palestinians. the u.s. navy is positioning three ships in the remote chance american citizens might need to be evacuate from israel. amid talk of cease-fire there's a steady stream of rocket fire. israel is ready to escalate operations if a deal cannot be reached. it has been amassing ground forces along the border for days, missiles killed 113 in gaza, almost half civilians. more than 700 rockets have landed in israel, three have been killed there. >>> in the bay area, in about 90 m
be announced shortly. u.s. is stepping up diplomatic efforts. deadly airstrikes and rocket attacks continue. t.j. winick reports. >> reporter: this morning an israeli man armed with an ax and knife stabbed a guard at the u.s. embassy in tel aviv the guard was wounded but fired off a few shots, security wrestled the man to the ground. president obama is sending secretary of state clinton to the mideast to help work out a cease-fire between israel and hamas in gaza. >> the united states does not engage directly with hamas. hamas has not met the conditions that we've set for many years to renounce terrorism to recognize israel's right to exist. >> reporter: tensions are fraying in gaza. israeli jets cratering over 100 targets, killing five, gaza militants blasted off over 60 rockets at israel. abc news was there as one family bolted to their bomb shelter as the sirens sounded. with columns of tanks massing on the gaza border, israeli cabinet is stepping back from the brink postponing a ground invasion, for now. warning only a long term cease-fire could avert a dreaded ground assault. >> if a long
. u.s. is stepping up diplomatic efforts. deadly airstrikes and rocket attacks continue. t.j. winick reports. >> reporter: this morning an israeli man armed with an ax and knife stabbed a guard at the u.s. embassy in tel aviv the guard was wounded but fired off a few shots, security wrestled the man to the ground. president obama is sending secretary of state clinto mideaa cease-fire between israel and hamas in gaza. >> the united states does not engage directly with hamas. hamas has not met the conditions that we've set for many years to renounce terrorism to recognize israel's right to exist. >> reporter: tensions are fraying in gaza. israeli jets cratering over 100 targets, killing five, gaza militants blasted off over 60 rockets at israel. abc news was there as one family bolted to their bomb shelter as the sirens sounded. with columns of tanks massing on the gaza border, israeli cabinet is stepping back from the brink postponing a ground invasion, for now. warning only a long term cease-fire could avert a dreaded ground assault. >> if a long term solution can be put in place thr
hours. really trying to put a u.s. stamp, footprint, if you will, on the negotiations. how much leverage does the u.s. have in actually making sure that the cease-fire is something that's going to hold? >> well the u.s. doesn't have much leverage over hamas because the u.s. doesn't deal with hamas. the u.s. government, previous governments, regards hamas as a terrorist organization. when secretary of state hillary clinton visits here in jerusalem later, then goes to ramallah to meet with mahmoud abbas tomorrow and then goes to cairo she's not going to meet with anyone from hamas. the u.s. does have leverage on egypt, given the economic and military assistance the u.s. provides to egypt and given the dire economic straits that the egyptians are in right now. so the u.s. has leverage on the egyptians and obviously the u.s. has very good relations with israel. so the u.s. is a key player in all of this. but as far as leverage on hamas, u.s. leverage is limited. >> secretary of state hillary clinton's arriving soon in jerusalem about three hours or so from now. she'll go to ramallah, then on
. the u.s. now part of efforts to hammer out a cease-fire in gaza as the fighting intensifies on both sides. good morning i'm jon scott. jenna: hi, everybody i'm jenna lee. air raid sirens wailing in jerusalem. [sirens blaring] jenna: you may hear those sirens, we don't hear them often over jerusalem. this is after hamas fired off a rocket aimed at the holy city. folks on your screen running for cover. word today that that rocket hit the west bank and thankfully didn't cause any injuries. the rocket, just one of the more than 1200 from hamas fired at the jewish state since a week ago. israel is targeting key hamas sites as well firing artillery shells into gaza today and going after rocket and mortar teams all along the border. all of this happening as president obama dispatched secretary of state hillary clinton to the mideast, in jerusalem, ramallah and gaza. we will start with leland vittert on the israel-gaza border. >> reporter: there are multiple reports from senior israeli officials that there will be a cease-fire deal some time in the next 12 hours. you would think that would
will be the third busiest airport in the u.s. over the thanksgiving weekend. chicago o'hare is number one, l.a.x. is number two. good news on flying air fare on average slightly down from last year. there's the upside. taking a look at roads, most people will drive, aaa says 90% of travelers will do so by car and gas prices are down about seven cents in the last two weeks. be careful, what goes up, over the holiday weekend, is car accidents, 25% over the last year. aaa reporting that fewer people will actually fly this year, sfo is reporting that it will have a 3% increase in air passengers over last year. tomorrow the busiest day, sfo reports last friday has become more popular especially for kids who are out of school this week. katie marzullo, abc7 news. >>> 5:01. >> the question a lot of people wondering is that storm that pounded the pacific northwest is it going to do the same on us? >> wind gusts up to 90 miles an hour. >> that was the highest gusts they had was 90, sustaining 45 to 50 at one point this storm is not as powerful once it gets to us as it was up there, not expecting floo
an hour or so. that does not appear to be the case now. with the u.s. secretary of state hillary clinton arriving within an hour or two here in israel and then going straight into the meeting with prime minister netanyahu in jerusalem. what they're discussing is the last minute glitches but those glitches are significant. israel says without a long-term solution, there's no point signing an agreement. they'd rather stick with what they have got, which includes still the option of a ground invasion, if there's no agreement. at the moment, although there's been plenty of talk of it, there's no real final agreement yet, thomas. >> reservist troops are on the border with gaza. what have you heard about the fact that israel wanted to see a 24-hour period of quiet before going ahead with a cease-fire or termination truce? >> reporter: well, yeah, there was talk that israel had given a 24-hour deadline saying there's no agreement within 24 hours then a ground invasion would happen. there were some reports of that. i think more likely they're calling it a lull. a lull in fighting. that's what th
relations with the u.s. by closing the suez canal. >> i mean, you're very optimistic to think that this sort of instability in the neighborhood isn't going to spill over. i talked to people about this every day, and i got to tell you, you're alone. >> yes, you can build a model that has this all the way going out to let's say iran and closing the strait of hormuz, but this would take a real series of reactions, one after the other to imagine the supply of oil being reduced as a result of this. it's a very complex model to imagine that. >> do you think, john, perhaps we're not seeing a direct impact in the price of oil, in your view, because we are in supply of oil right now? >> i think the market is fundamentally very bearish right now. in the fourth quarter of this year, where you normally draw world inventories of crude, you are going to build world inventories of crude. right now all the models into next year show a build basically all yearlong. opec is going to meet i think in two three weeks in vienna. i think the idea this is going to be just a cake walk meeting is not necessarily true
make of that? speak of the war is quite complicit dumb explicit. if the u.s. goes over the fiscal cliff, the jump in taxes would likely quickly push the u.s. economy into a recession and there is nothing the fed can do to prevent that from happening. gerri: it seems to have unloaded everything they have, the economy has to come back on its own now. >> they can do with the bank of japan is now supposedly considering, resort to negative interest rate policy. consumers would be charged to keep money in savings accounts. that is one way getting people to spend, i don't think that is likely to happen anytime soon. gerri: i think that is just crazy talk to lots of viewers. but it is reality. instead of getting paid for putting your money someplace, which is the way it normally happens, instead you have to pay for the privilege. now why are people willing to make that trade-off? >> simply because they don't have enough room in their mattress to store their money or they don't have enough confidence to put their money in other financial assets such as stocks. gerri: we are not here yet. >> coul
>>> my name is chris stevens, i'm the new u.s. ambassador to libya. i had the honor to serve as the envoy to the libyan revolution and i was thrilled to watch the libyan people stand up and demand their rights. now i'm excited to return to libya to continue the great work we've started, building a solid partnership between the united states and libya to help you the libyan people achieve your goals. right now i'm in washington, preparing for my assignment. as i walk around the monuments and memorials commemorating the courageous men and women that made america what it is, i'm reminded we too went through challenging periods, when america was divided by a bitter civil war 150 years ago. president abraham lincoln had the vision to pull us together toward a shared goal of peace and prosperity. growing up in california i didn't know much about the arab world. then after graduating from the university of california at berkeley, i traveled to north africa as peace corps engineer. i worked as an english teacher in morocco two years and quickly grew to love this part of the world. si
the teachings of anwar al-awlaki, that's the al qaeda point man in yemen killed by the u.s. >>> after weeks of pressure following the deadly consulate attack in benghazi white house and intelligence officials are denying charges of whitewashing the true details in order to protect president obama before the election. top intelligence officials tell nbc news they knew it was a terrorist attack from the start but that it could also have been spontaneous and they say it was the intelligence community, not the white house, that wrote the unclassified talking points delivered by ambassador susan rice six days after the attack. meanwhile, 97 house republicans have signed a letter to the president opposing rice's potential nomination as secretary of state. >>> all right. now for look at the weather and details of a storm that could affect your holiday travel. >> anyone trying to travel yesterday in oregon and washington state, it wasn't pretty. not much better this morning either. we knew this was going to be a big storm. it was very impressive yesterday. 100-mile-per-hour wind gusts on the coastl
and in lebanon, frank. >> now, the u.s. government has a strong stand against hamas. so who will meet with the hamas leaders to broker the peace deal? >> reporter: that's egypt's president right now. mohamed morsi has been meeting with hamas. of course, the united states won't sit down with hamas leaders because they have not renounced terrorism. so that complicates the situation even further. but egypt has stepped up to try to broker this peace deal. there was word that there would be an announcement of some type of temporary truce a 24-hour cooling-off period this afternoon. we haven't heard anything yet. but the international community scrambling right now at this hour to try to find a way to stop these air strikes, frank. >> very difficult decision or situation over there. okay, danielle, thank you for that live report. >>> four men are under arrest in an alleged terror plot busted in southern california. the fbi says the men conspired to kill americans overseas and in the u.s. and planned to join al qaeda and the taliban. one suspect is a 34-year-old man who served in the us air
launched an investigation of what it calls forensic accounting and notified the u.s. government. >> we believe there is a willful effort on the part of autonomy management to mislead shareholders and mislead potential buyers, including hp. we stand by the review that we have seen. as you know, we have turned it over to the sec. the enforcement division of the sec and the fraud office in the u.k. >> the purchase occurred under a previous ceo, but whitman was on the board at the time and did vote in favor of the purchase. she puts the blame squarely on the former ceo, former autonomy officers and the person who signed off on the books. >> thanks, scott. irony here is hp was already in trouble before it discovered the alleged fraud. computer and printer sales have been sinking thanks to the ipad and iphone. meg whitman made her attempts as ceo to turn hp around and it would take far longer than she first thought. nor is the first time the board has been mired in controversy. almost ten years ago, the then chairwoman, was conspireing with lawyers to spy on employees to look for leaks in th
outside for the boss of the major u.s. jet maker who is taking early retirement. intel has struggled in the global shift. intel officials announced on monday that paul otalini will retire next may. they have started selecting his replacement. he became the fifth ceo in 2005. he built closer ties with apple. int intel's growth slowed as it fell behind in smartphones. intel saw its market value this month beat out by its rival. china has postponed the japanese merger for a third time. they are having to put off plan consolidation of their ship buildings operations. they are waiting on approval authities.se anti-trust officials from japan's second large largest shipbuilder say they will postpone their merger until january 1st. the shipbuilders are required. chinese officials have not completed the paper work. they are reportedly failing to respond to the japanese firms. there's falling global demand for ships. the two builders plan to merge to help them design energy efficient vessels. they are aiming the boost maritime operations. that is all for me for now. i'll leave you with the mar
on the record. we'll see you tomorrow night. >>> this is a fox news alert. thousands of u.s. marines are on the move in the mediterranean. three u.s. navy warships are heading closer to israel. they're on alert in the event americans need to be evacuated from israel. right now israel and hamas ranch ratcheting up the attacks. israel expanding the bombing campaign in gaza and hamas rockets raining down on southern israel. it's only getting worse. so is the u.s. doing enough to support its ally israel? you'll hear from batched john bolton and senator john mccain and a live report from southern israel. senator-elect ted cruz is here. he said he knows how to get the g.o.p. message out to hispanic voters. you'll hear his plan, but first, the crisis in the middle east. >> we've got the sirens going. we've got the sirens going. we'll keep going. this area was hit once before. we're going to keep moving. we're going to grab this. keep coming this way. >> they're crumbling all over the middle east. >> you have people determined to destroy israel. >> we want hamas to stop firing on us, and we
the looming fiscal cliff. he says failure to do so could pose, quote, a substantial threat to the u.s. economy. >> the realization of all the automatic tax increase and spending cuts that make up the fiscal cliff absent offsetting changes would pose a substantial threat to the recovery. indeed, by the reckoning of the congressional budget office, the cbo, and that of many outside observers. a fiscal shock of that size would send the economy toppling back into recession. >> but the fiscal cliff does not really worry my next guest. he describes it as the y2k of the moment. joining me now to explain is a well-known fed critic jim grant. he's founder and editor of "grant's interest rate observer." you say this is like y2k. no big deal. came and went. you're not worried about it. you say the markets aren't going to fret over it. >> i don't mean to be quite so dismissive. certainly my experience of problems that are most ventilated are the ones that are least menacing, in fact. the more you talk about something, the more it's likely to be discounted. we've done nothing but talk about the fiscal clif
of speculation that it may be imminent -- the u.s. embassy by the way in tel aviv has just release add photo of the secretary of state hillary clinton here in israel getting ready to meet with the israeli prime minister. it will be intriguing to see what they have to say. but arwa, what about the leaflets being distributed in gaza? tell us what you're seeing. >> well, earlier in the day around midday we did see leaflets being dropped over the city. we managed to get our hands on one of them effectively very straightforward the israeli defense forces warning residents in certain areas, mostly in the northern part to stay away, to leave their homes. and in fact this goes so far as to name the routes that they should take to come to the center of the city. and they're telling residents they needed to leave because that was the only option they would have to effectively stay safe. we went to a school where a lot of these people were gathering. and the schools were just overwhelmed. >> arwa, i'm going to interrupt you right now. we're hearing prime minister netanyahu and the secretary of state sp
of strengthening the u.s./japanese alliance. when it comes to china as the two largest global economies both china and the united states have a responsibility to ensure sustained and balanced economic growth. this is the president's first trip abroad since his re-election. and he's been able to fill in some more details on shifting u.s. economic and security forces toward southeast asia and the pacific. but the visit is overshadowed by other international issues in the spotlight. amongst the asia pacific community, that would be the battle over the south china sea which involves china cambodia and the philippines. while that's one of asia's biggest security issues right now, it's paling in comparison to what's going on in the middle east. fighting between israel and hamas continued again yesterday. the palestinian death toll is now up near 100 and many of those people are civilians. president obama and bill clinton both took to the phones yesterday, speaking with benjamin netanyahu of israel and president mohammed morsi of
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